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1357.HK

Meitu Inc. has completed a spinoff and funding round for its Singapore-based Pixocial unit, raising $22 million from investors including Fidelity's Eight Roads, valuing Pixocial at over $100 million. Pixocial, which contributed significantly to Meitu's 2022 net income, is now 80.6% owned by Meitu. The funding and spinoff may set Pixocial up for an IPO, with Meitu's stock rising nearly 7% post-announcement. Pixocial will focus on expanding its subscription services and B2B SaaS platform for creatives internationally.

Portfolio Pulse from The Bamboo Works

December 07, 2023 | 3:32 pm

TEL

TE Connectivity (NYSE:TEL) has delivered an average annual return of 15.12% over the past 15 years, outperforming the market. A $1000 investment in TEL 15 years ago would be worth $8,354.53 today. TE Connectivity currently has a market cap of $40.78 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:30 pm

ORLY

O'Reilly Automotive (NASDAQ:ORLY) has significantly outperformed the market with an average annual return of 26.62% over the past 15 years. An investment of $1000 in ORLY 15 years ago would be worth $34,637.58 today. The company currently holds a market capitalization of $58.24 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 3:30 pm

HPCO

Hempacco Co, Inc. (NASDAQ:HPCO) has entered into an exclusive master distribution agreement with CBDAY Global Private Limited to sell Hempacco's hemp and CBD products in India and Thailand. The agreement includes the introduction of Cheech & Chong and Rick Ross hemp products on CBDAY's website and distribution channels. Hempacco's VP of sales, Daniel Ortega, highlighted the significant market opportunity in Asia due to its large population and rising disposable income. Hempacco has also partnered with celebrities for product lines and recently teamed up with Snoop Dogg for a new consumer-packaged goods line. Additionally, Ispire Technology Inc.'s subsidiary Aspire North America, LLC has an exclusive agreement to distribute Hempacco’s branded products, including those associated with Snoop Dogg.

Portfolio Pulse from Jelena Martinovic

December 07, 2023 | 3:25 pm

UDN

UUP

YCL

YCS

The U.S. dollar declined significantly against the Japanese yen following comments by Bank of Japan Governor Kazuo Ueda hinting at an end to the negative interest rate policy. This led to a 2.6% drop in USD/JPY. ProShares UltraShort Yen (YCS) fell 3.7%, while ProShares Ultra Yen (YCL) rose 3.5%. Invesco US Dollar Index Bullish Fund (UUP) decreased by 0.2%, and Invesco US Dollar Index Bearish Fund (UDN) increased by 0.3%. The BoJ's potential policy shift is in response to Japan's economic conditions and may lead to a cautious unwinding of its long-standing accommodative stance.

Portfolio Pulse from Neil Dennis

December 07, 2023 | 3:25 pm

GDHG

Shares of Golden Heaven Group (GDHG) have resumed trading. The article does not provide additional context such as the reason for the trading halt or company performance indicators.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:25 pm

META

MSFT

The article compares the stock performance of Microsoft (MSFT) and Meta Platforms (META), formerly Facebook, from May 18, 2012, to November 29, 2023. A $1,000 investment in Microsoft in 2012 would have grown to approximately $12,951, while the same amount in Meta would have become about $8,687. Microsoft outperformed Meta by roughly $4,300 over the 11-year period. The article suggests that both companies are worth watching for future investment opportunities and also mentions the potential of investing in startups.

Portfolio Pulse from Chris Bibey

December 07, 2023 | 3:24 pm

PLUG

Morgan Stanley downgraded Plug Power Inc (PLUG) to Underweight from Equal Weight with a price target of $3, citing liquidity concerns and worsening hydrogen economics. Conversely, Morgan Stanley remains Overweight on Bloom Energy Corp (BE) due to strong demand and profitable fuel cell business. Over the past year, investments in PLUG significantly underperformed compared to BE, with PLUG facing policy changes, funding needs, and business headwinds, not expected to be profitable before 2026. Bloom Energy, despite challenges, expects positive operating margins for 2023 and has differentiated itself with its products, including electrolyzers in four hydrogen hubs and a robust sales inquiry pipeline.

Portfolio Pulse from Surbhi Jain

December 07, 2023 | 3:23 pm

DLTR

FTCH

SNOW

ULTA

Portfolio Armor, a financial analysis firm, has expressed concerns over an unnamed overbought retailer whose stock price has surged more than 150% since missing earnings last quarter, attributing the rise to a competitor's acquisition. Despite a bullish composite score based on various metrics, Portfolio Armor is betting against the retailer due to factors such as a high RSI indicating overbought conditions and insider transactions at much lower prices. The firm also shared successful past trades, including options on KR, DLTR, FTCH, SNOW, and ULTA.

Portfolio Pulse from David Pinsen

December 07, 2023 | 3:20 pm

GOOG

GOOGL

Alphabet Inc. has announced the launch of its Gemini AI model, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:20 pm